First Data Inks Merchant Acquiring Partnership with China Citic Bank

First Data and Hong Kong-based China CITIC Bank International (CNCBI) have announced a partnership with the launch of a range of merchant acquiring solutions including point of sale terminals, eCommerce solutions and other value-added services in Hong Kong.

Through this partnership, CNCBI clients will have access to a full range of flexible payment acceptance methods in-store, on mobile devices, and online. Clients with physical stores, for instance, can use First Data’s latest all-in-one point of sale terminals that accept all major payment types in Hong Kong, while they can also use the company’s global eCommerce solutions to facilitate payment via card, mobile wallet or e-wallet, online and offline.

The partnership with First Data provides CNCBI clients with more channels to accept payments and inject funds directly into their CNCBI Business NOW account with a shorter settlement time.